When we think of a stocks that might not ever drop, we think of companies that will be around for a long time. The companies we invest in need to adapt to change and have competitive advantages. Usually, these companies feature products or services that you will always use.
With the demand for specific products and services increasing, choosing stocks that might not ever drop aka the best stocks to buy that might never fail can be a little frightening.
Let’s look at the Stocks that might not ever drop and (hopefully) stand the test of time:
#1: Amazon, Inc (NASDAQ: AMZN)
Amazon stock is among the stocks that might not ever drop. After the incredible year they had in 2020 due to the global COVID-19 pandemic, it’s become a trillion-dollar company like Apple (NASDAQ: AAPL). Shares are up over 88.33% year-to-date (2021).
Their customers’ buying force drives Amazon, and when people want to buy something, they automatically turn to them.
Another critical factor is that Amazon is not only into e-commerce and retail services. They focus on other areas, including digital streaming, cloud computing, and artificial intelligence. Amazon will remain relevant in the years to come with its multiple influences.
#2: Netflix, Inc (NASDAQ: NFLX)
Netflix has seen more than 33% average annual gains over the past ten years! Due to the global pandemic in 2020, they saw a surge in new subscriptions. Netflix has significantly benefited from moving to a more remote lifestyle and new movies getting released online.
With the surge in new subscriptions, Netflix increased its subscription fees for the higher-tiered plans.
Although we do not know what’s in store for Netflix, we can see the company running advertisements on their platform. If this is the case, they will generate even more revenue.
Even though Netflix has some competition in other streaming services such as Hulu and HBO, they will still be considered a good holding in the long run and that would be one of the stocks that might not ever drop. Think of Coca-Cola and Pepsi – they’re both dominants in their industry!
#3: Johnson & Johnson (NYSE: JNJ)
When one thinks of Johnson & Johnson, one automatically thinks of babies. They have become iconic in their baby care products, but with life comes death.
The risk of getting cancer is high, and in some studies, they say your chances are 50% of contracting the disease. Fortunately, Johnson & Johnson has a strong pharmaceutical division specialising in oncology, with many drugs in late-stage clinical trials.
With their COVID-19 vaccine awaiting approval from the FDA, they can see potential future growth in the long run. With the healthcare industry being at the forefront of vaccine studies and possible future viruses, Johnson and Johnson will be leaders among other healthcare giants.
Final Thoughts
With these three companies growing exponentially in the distant future, you will want to consider them for your “Stocks that might not ever drop” portfolio.
It’s advised that no matter which stock will make it in the long run, always do your research and keep an eye on your investments.
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